The Banking Executive Magazine - April 2023 Issue

Sharjah Islamic Bank SHARJAH ISLAMIC BANK’S PROFITS JUMP IN Q1-23 The net profits attributable to the shareholders of Sharjah Islamic Bank hit AED 233.06 million in the first quarter (Q1) of 2023, an annual surge of 24.60% from AED 187.01 million. The total operating income increased by 25.90% to AED 483.84 million in Q1-23 from AED 384.29 million, ac- cording to the initial financial results. Basic and diluted earnings per share (EPS) reached AED 0.07 in the Janu- ary-March 2023 period, versus AED 0.06 in Q1-22. The total assets went up by 1.90% to AED 60.24 billion in Q1-23 from AED 59.12 billion as of 31 Decem- ber 2022, while the clients’ deposits grew by 5.90% to AED 41.87 billion from AED 39.52 billion. In the January-December 2022 pe- riod, the ADX-listed bank generated net profits worth AED 650.91 mil- lion, higher by 26.60% than AED 514.07 million in 2021. ISSUE 172 APRIL 2023 the BANKING EXECUTIVE 41